Make or break for AUD/USD! The pair’s uptrend is still intact, but price is currently testing a strong area of interest at the .8000
Support seems to be holding, so buyers might get enough strength to push price back up to the swing high at .8125.
A break below support, on the other hand, could lead to a selloff until the next potential floor around .7850
RSI is on its way up, though, so the odds are in the Aussie bulls’ favor for now.
0.8000 is a good buy area, above 0.5 fib level
Support seems to be holding, so buyers might get enough strength to push price back up to the swing high at .8125.
A break below support, on the other hand, could lead to a selloff until the next potential floor around .7850
RSI is on its way up, though, so the odds are in the Aussie bulls’ favor for now.
0.8000 is a good buy area, above 0.5 fib level
